Nicholas Investment Partners LP raised its stake in J P Morgan Chase & Co (NYSE:JPM) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,197 shares of the financial services provider’s stock after buying an additional 7,133 shares during the period. Nicholas Investment Partners LP’s holdings in J P Morgan Chase & Co were worth $4,936,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JPM. Norges Bank acquired a new stake in J P Morgan Chase & Co during the fourth quarter valued at approximately $2,897,377,000. Dodge & Cox acquired a new stake in J P Morgan Chase & Co during the fourth quarter valued at approximately $2,297,616,000. Teachers Advisors LLC increased its stake in J P Morgan Chase & Co by 10.1% in the fourth quarter. Teachers Advisors LLC now owns 8,317,280 shares of the financial services provider’s stock valued at $717,698,000 after buying an additional 764,019 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in J P Morgan Chase & Co by 22.2% in the first quarter. Pioneer Investment Management Inc. now owns 7,402,919 shares of the financial services provider’s stock valued at $650,272,000 after buying an additional 1,344,295 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in J P Morgan Chase & Co by 34.2% in the fourth quarter. AQR Capital Management LLC now owns 5,539,766 shares of the financial services provider’s stock valued at $478,026,000 after buying an additional 1,411,214 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Shares of J P Morgan Chase & Co (JPM) traded down 0.91% on Thursday, hitting $92.68. 2,462,252 shares of the stock traded hands. The stock has a 50 day moving average of $91.60 and a 200-day moving average of $88.42. The stock has a market cap of $326.09 billion, a PE ratio of 13.67 and a beta of 1.19. J P Morgan Chase & Co has a 1-year low of $64.86 and a 1-year high of $95.22.

J P Morgan Chase & Co (NYSE:JPM) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The company had revenue of $25.50 billion for the quarter, compared to analysts’ expectations of $24.38 billion. J P Morgan Chase & Co had a return on equity of 11.53% and a net margin of 24.13%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 earnings per share. On average, equities research analysts expect that J P Morgan Chase & Co will post $6.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, July 3rd. J P Morgan Chase & Co’s dividend payout ratio (DPR) is currently 29.59%.

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JPM has been the subject of several recent research reports. Buckingham Research reissued a “neutral” rating and issued a $100.00 target price (up from $94.00) on shares of J P Morgan Chase & Co in a research report on Monday, July 10th. Vetr raised shares of J P Morgan Chase & Co from a “buy” rating to a “strong-buy” rating and set a $97.82 target price for the company in a research report on Wednesday, April 12th. Bank of America Corporation reissued an “outperform” rating and issued a $99.00 target price on shares of J P Morgan Chase & Co in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $93.00 target price on shares of J P Morgan Chase & Co in a research report on Thursday, July 6th. Finally, Nomura reissued a “neutral” rating and issued a $83.00 target price on shares of J P Morgan Chase & Co in a research report on Monday, April 17th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty have given a buy rating to the company’s stock. J P Morgan Chase & Co currently has a consensus rating of “Hold” and an average target price of $85.53.

In other news, CFO Marianne Lake sold 17,596 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $91.58, for a total transaction of $1,611,441.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Nicole Giles sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $91.29, for a total value of $91,290.00. Following the sale, the insider now owns 3,783 shares in the company, valued at $345,350.07. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

J P Morgan Chase & Co Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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